True Potential welcomes major investment from Cinven
True Potential today announces an agreement to sell a majority stake in the business to Cinven, an international private equity firm. The investment will enable True Potential to continue its double-digit growth in the financial services sector and to develop further its industry-leading investment technology platform. Financial details of the transaction are not being disclosed.
True Potential operates across the wealth management value chain, providing advice, investment platform and fund solutions to more than 1.4 million retail clients in the UK. The company has a highly scalable business model, having built a bespoke and proprietary technology platform to serve both financial advisers and clients.
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